11 Devils Elbow Ln UNIT 11Hilton Head IslandSC29926
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Hilton Head Island at 11 Devils Elbow Ln UNIT 11, Hilton Head Island, SC, 29926 uses $143,374 cash to close to unlock $8,079/yr annual cash flow and $673/mo monthly cash flow. Total monthly income runs $3,248/mo, and a $2,117/mo payment keeps the spread at $673/mo. Purchase price stands at $432,500, and rental yield measures 9.01% with $3,248/mo rent. Return on cash invested shows 25.54% in year one, and 5% annual appreciation builds toward $119,492 over five years. Five-year ROI reaches 132.77% and total cumulative return in cash records $190,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,248/mo property income covering a $2,117/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29926, Hilton Head Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,212 (100%) |
| Owner Occupied HU | 9,335 (70.7%) |
| Renter Occupied HU | 2,189 (16.6%) |
| Vacant Housing Units | 1,688 (12.8%) |
| Median Home Value | $650,107 |
| Average Home Value | $737,702 |
Housing Distribution
Address Breakdown
Residential
13,086
Single Family
11,197
Multi-Family
1,889
Businesses
887
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Listed by: Emily Tholen • Realty One Group - Lowcountry (597)
Mls Name: REsides, Inc.
Mls ID: #503106